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Consolidated statement of cash flows

NOK millionNotes20092008
 
Operating activities
Operating Income41,27112,281
 
Adjustments to reconcile operating income to net cash
provided by operating activities
Depreciation and amortization4,9,112,4252,095
Impairment loss and write downs(1,603)2,239
Tax paid(2,178)(1,839)
Dividend from equity accounted investees124091,223
Interest and bank charges received/(paid)(926)(431)
Gain/(loss) on sale of non-current assets2(41)(554)
Other(698)78
 
Working capital changes that provided/(used) cash
Receivables2,753482
Inventories12,604(9,978)
Prepaid expenses and other current assets857762
Payable(547)(2,791)
Other interest free liabilities(2,403)419
Net cash provided by operating activities 11,9253,986
 
Investing activities
Purchases of property, plant and equipment4,11(4,260)(3,276)
Purchases of other long-term investments2,3,4(1,824)(10,272)
Proceeds from sales of property, plant and equipment1131946
Proceeds from sales of other long-term investments2298716
Net cash used in investing activities (5,467)(12,786)
 
Financing activities
Loan proceeds29,54742,628
Principal payments(36,736)(31,569)
Purchase of treasury shares19(240)(423)
Dividend(1,304)(1,166)
Net cash transfers (to)/from non-controlling interest19(15)(35)
Net cash used in financing activities (8,747)9,436
 
Foreign currency effects on cash flows 69235
 
Net increase/(decrease) in cash and cash equivalents(2,221)870
Cash and cash equivalents at 1 January3,1952,325
Cash and cash equivalents at 31 December189743,195
 
Bank deposits not available for the use of other group companies18154347

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